IOC: Bach to receive 225,000 euros annually to cover costs

In what it described as a vital show of financial transparency, the International Olympic Committee (IOC), on Thursday, disclosed how much its members receive in allowances and per diem payments — including an annual 225,000 euro ($242,000) sum for President Thomas Bach.
The IOC ethics commission urged all other sports organisations in the Olympic movement to follow suit and publish their payment policies, an appeal that will put pressure especially on FIFA and its president, Sepp Blatter.
The IOC released its “indemnity policy” covering the reimbursements for Bach and other members as part of the “Olympic Agenda 2020” reforms passed in December.
“Among the principles of good governance for sports organizations, transparency is certainly one of the most important,” IOC ethics commission chairman Youssoupha Ndiaye said in a letter to members. “It is the IOC’s responsibility to apply this to its own governance and … to increase the transparency of its management.”
IOC presidents and members are considered volunteers and do not receive a salary, but their travel, housing costs and other expenses on Olympic duty are covered.
The IOC said executive board members and commission chairs will receive $900 daily on Olympic business, including the day before and after meetings to cover travel days. Regular IOC members will receive $450 a day at meetings and at the Olympics.
Members can also receive an annual sum of $7,000 for “administrative support,” referring to office space and equipment required for IOC business in their home countries.
The IOC said Bach works 365 days a year but will forego the daily reimbursements received by others members. While in the past the president received those allowances, “for the sake of transparency the indemnity will now come from one single source,” the IOC said.